USDCAD hits the waited target – Analysis - 13-06-2017
Economies.com
2017-06-13 01:09AM UTC
The USDCAD pair succeeded to break yesterday’s mentioned support at 1.3415 to reach directly to our main waited target at 1.3310 and settles there now, pointing that the negative pressure that formed by the EMA50 supports the chances for breaking the mentioned level then opens the way towards extending the bearish wave on the longer term.
Therefore, we will keep preferring the bearish trend in the upcoming sessions, and the next target at 1.2985, taking into consideration that the continuation of the expected decline depends on the stability below 1.3425 and the most important below 1.3574.
Expected trading range for today is between 1.3200 support and 1.3400 resistance.
Expected trend for today: Bearish
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